Country’s Exports Boost in Non-Traditional Markets Using “Trade Diversification Policy”
Islamabad: Mr. Abdul Razak Dawood, Adviser to the Prime Minister on Commerce and Investment, stated on Sunday that the government has fully implemented the trade diversification program. The adoption has increased Pakistan’s geographical and product exports on the international market.
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The primary purpose of the government’s Trade Diversification Policy is to introduce new export products. To expand domestic exports, they also intended to build new non-traditional global and regional markets. In the past seventy years, Pakistani exports have relied on the traditional markets of ten nations, whereas local textiles have relied on only five markets. The United States, China, the European Union, the United Kingdom, and Bangladesh are included in these markets.
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In addition, he instructed the advisor that Pakistan is currently introducing new export markets and export items in addition to its conventional export markets and export products. Despite the Covid -19 period, the current government has made great progress.
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